North Pole Aquatic Club

Analysis

North Pole Aquatic Club is a registered charity in United States, based in Fairbanks, AK. It received its IRS tax-exemption ruling in April 1994, 32 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, North Pole Aquatic Club reported income of $67k and spending of $77k, spending 114% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income fell from $77k to $67k (-12%), an average of -12% a year. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Pole Aquatic Club sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 21st percentile within AK. Charities of a similar size with the same main cause include Eastside Co-Operative Pre-School ($67k), Surface Creek Valley Historical Society Inc ($67k) and PTA California Congress of Parents Teachers & Students Inc ($67k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 13% and program service revenue 5.9% of the total. At year end it held assets of $66k against liabilities of $2,723, net assets of $63k.